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on all cylinders in the u.s. how long will the good times last? autonation's ceo talking to us exclusively about sales, the american consumer, as well as big plans for 2013. and the new app for the android world. the ceo tells us exclusively how it all translates into dollars and cents. countdown begins right now. >>> good afternoon everybody. i'm liz claman. welcome to countdown to the closing bell. it is the last hour of trading. there's a fair amount of red on the screen, but nothing horrific. check out the dow 30. most of the blue chips are down, but american express and coca-cola are defying the laws of gravity along with a couple other names including boeing. united technologies, and travelers. okay. the best levels still since the fall of 07. none of the major indices are anywhere near down a percent. that strength is helping the dow minimize its losses. taking a look at the s&p 500. it's down 4. we have the nasdaq down 12. but still for the s&p 7 points above the 1500 level. not bad. that gives it a little bit of breathing room. in terms of sectors, where's the weakness
have an expiration tomorrow, the options, and adjusted weather patterns throughout the u.s. coming here, forecast really making people get out probably a little bit earlier than they thought. with natural gas is essentially will be that high. topping out at 250, and we will go down from there. ashley: let me finish very quickly on the hocus-pocus equity markets. obviously all eyes on washington, to pierce the automatic spending cuts will kick in, if at all ready in the market? >> i would not be surprised to see an equity market rally. it is funny to hear from the hocus-pocus as ben bernanke has been inflating the bubble in the bond market so we will see how long the hocus-pocus stays in that market. ashley: very good, the phrase of the day. thank you for joining us for today's floor show. really appreciate it. the world congress kicking off in barcelona, the top priority for many companies, mobile payments. you can hear a lot about it if you haven't already. encouraging customers to throw away the plastic, massacre unveiling new digital payment system, masterpass. joining us, president
to keep going. liz: we were doing that too in the u.s. a little bit with the fed; right? >> everybody is somewhat afraid of being too strong, so there is -- i won't call it a currency war, but there is certainly currency skirmishes, what we have been doing is similar to what other nations have been doing. we have been making everything more liquid which affects the dollar and the dollar weakens. liz: it seems obvious that the yen would continue to weaken and that a lot of people are shorting the yen. is that a trade that could turn and move quickly? >> it could in terms of a short-term reaction toward where it's been going. i think in the long run the yen probably has more to go. liz: i have to ask you about exchanges. the cme obviously was not part of the big acquisition, the big merging trade that we've seen lately. of course the nyse joining with the i.c.e., there is a rumor, i'm not shocked that you probably know about this, that the deutsche boerse and the cme may very well hook up. would you be in support of that kind of thing? >> i'm not going to comment on anything like that.
at the world's largest supplier of oil for the moment the u.s. may trump them eventually. major weakness in gold. we now have equities down pretty much the lows of the session. i am pulling up the dow chart, still a few names that tend to look a little bit weak at the moment. bank of america, caterpillar down, but what is going on that would cause a 60-point is lost? >> on top of all the things you mentioned, you have to sequester on the first of march and the market now up 7%. so i think probably taking money off the table anyway with all these negative things on top of it and this is what you're getting. we were very surprised the market was going up as well but had been most of the day. in the last few minutes the market has come in a nothing we didn't already know. liz: there is the belief that initially there is the first wave of what is happening with the fed minutes, and then it climbed back up, able to get down to about 12 points, 14-point and now 92 points to the downside. it is continuing to get a little worse minute by minute. >> and it will probably continue to do so. we have
Search Results 0 to 3 of about 4